Create Distribution Types

Navigate to Distributions from the Home page. Select Distribution Types from the left-side menu. Click Create. In the Create Distribution Type window, enter the following: Name Type - Type of calculation you use to determine the amount to be dispersed. Percentage (percent) Average Per Quarter (avg per qtr) Average Per Year (avg per year) Percent - D...

Manually Adjust Spendable Balance

Navigate to Funds from the Home page. Select the desired Fund. Click Manual Distribution from the left-side menu. In the Manual Distribution Entry window, enter a: Post Date Description Amount Click Create. Note: CommunitySuite limits you to one Manual Distribution per Fund per day. To use the Manual Distribution feature, Track Spendable Balance mus...

Clear Unspent Spendable Balance

If a fund’s spendable balance is not spent it will remain in the spendable balance and it will be calculated as part of the Fund's assets. Follow these steps to clear any unspent distributions. Select Distributions from the Home page. Select Clear  Spendable. Enter the As Of Date (date that the unspent spendable balance will be reset to zero), and a...

Edit Distribution Types

Navigate to Distributions from the Home page. Select Distribution Type from the left-side menu. In the Distribution Types window, click the Distribution Type ID that you want to Edit. Click Edit from the left-side menu. Make any edits and click Save. Note: To post Distributions to an Account other than your Spendable Account, select an Equity Accoun...

Distribution Intervals*

If a Distribution Interval is quarterly, then the distribution date has to be at the end of a quarter. If you try to run it on the 19th of February, you wouldn’t be able to. You’d have to run the distribution on either March 31st, June 30th, September 30th, or December 31st.  Distributions with a yearly interval actually have to be run on January 1s...

Process Distributions

Select Distributions from the Home page. Click Create. Enter the Calculate Date, Post Date, and check the box(es) next to the Distribution Type(s) that you want to include; then click Next. The following table shows the distributions that will be applied to each fund. These are calculated based on the parameters you set for each Distribution Type an...

Distribution Types and Calculations

Overview Distribution Types (i.e. spending policies) define how the spendable balance of an endowed fund (or quasi-endowed fund) is calculated. As a reminder, endowed funds are funds with a principal balance and a spendable balance (i.e. a certain amount of money that can be granted out every year). Quasi-endowed funds are non-endowed funds that do ...